This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

The Demographic Transition in Closed and Open Economies: A Tale of Two Regions

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Giovanni L. Violante
Orazio P. Attanasio

Additional information is available for the following registered author(s):

Abstract

This paper constructs a general equilibrium overlapping generation model to evaluate quantitatively how demographic transition (falling mortality and fertility rates) affects aggregate variables (wages, interest rate, output), and inter-generational welfare in closed and open economies. We perform this analysis for two economies calibrated to resemble the North (US and Europe) and Latin America. Our simulations suggest that the demographic transition could have generated income per capita growth up to 0. 5% per year in excess of steady-state growth in the past 50 years in Latin America and 0. 3% in the North.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.iadb.org/res/includes/pub_hits.cfm?pub_id=WP-412&pub_file_name=pubWP-412.pdf
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by Inter-American Development Bank, Research Department in its series RES Working Papers with number 4194.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length:
Date of creation: Feb 2000
Date of revision:
Handle: RePEc:idb:wpaper:4194

Contact details of provider:
Postal: 1300 New York Avenue, NW, Washington, DC 20577
Phone: 202-623-1000
Email:
Web page: http://www.iadb.org/res
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Luis Daniel Martinez).

Related research
Keywords:

Other versions of this item:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Andrew B. Abel, 1999. "The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation," NBER Working Papers 6991, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  2. Kjetil Storesletten, . "Sustaining Fiscal Policy Through Immigration," Homapage Papers _005, Stockholm University, Institute for International Economic Studies. [Downloadable!]
    Other versions:
  3. David Miles & Allan Timmermann, 1999. "Risk sharing and transition costs in the reform of pension systems in Europe," Economic Policy, CEPR, CES, MSH, vol. 14(29), pages 251-286, October. [Downloadable!] (restricted)
  4. Hurd, Michael D, 1989. "Mortality Risk and Bequests," Econometrica, Econometric Society, vol. 57(4), pages 779-813, July. [Downloadable!] (restricted)
  5. Mariacristina De Nardi & Selahattin Imrohoglu & Thomas J. Sargent, 1998. "Projected U.S. demographics and social security," Working Paper Series WP-98-14, Federal Reserve Bank of Chicago. [Downloadable!]
    Other versions:
  6. David E. Bloom & Jeffrey G. Williamson, 1997. "Demographic Transitions and Economic Miracles in Emerging Asia," NBER Working Papers 6268, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Axel Börsch-Supan & Alexander Ludwig & Joachim Winter, 2005. "Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model," DNB Working Papers 065, Netherlands Central Bank, Research Department. [Downloadable!]
    Other versions:
  2. Miguel Székely & Orazio P. Attanasio, 2000. "El ahorro familiar en los países en desarrollo  Desigualdad, factores demográficos y todo eso: ¿Qué tan distintos son América Latina y el Sureste de Asia?," RES Working Papers 4222, Inter-American Development Bank, Research Department. [Downloadable!]
  3. Michael Feroli, 2003. "Capital flows among the G-7 nations: a demographic perspective," Finance and Economics Discussion Series 2003-54, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
  4. Miguel Székely & Orazio P. Attanasio, 2000. "Household Saving in Developing Countries - Inequality, Demographics and All That: How Different are Latin America and South East Asia?," RES Working Papers 4221, Inter-American Development Bank, Research Department. [Downloadable!]
  5. Flodén, Martin, 2002. "Public Saving and Policy Coordination in Ageing Economies," CEPR Discussion Papers 3567, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  6. Nicoletta Batini & Tim Callen & Warwick J. McKibbin, 2006. "The Global Impact of Demographic Change," IMF Working Papers 06/9, International Monetary Fund. [Downloadable!]
Statistics
Access and download statistics

Did you know? About 1000 archives contribute their bibliographic data to RePEc.

This page was last updated on 2009-12-5.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.